IMARC Group has recently released a new research study “Mobile Virtual Network Operators (MVNO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Mobile Virtual Network Operators (MVNO) Industry?
The global mobile virtual network operators (MVNO) market size reached US$ 73.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 119.6 Billion on by 2028, exhibiting a growth rate (CAGR) of 7.36% during 2023-2028.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a Mobile Virtual Network Operators (MVNO) Market?
Mobile virtual network operators (MVNOs) are service providers that do not own a mobile spectrum license or network infrastructure, however, provide mobile services using the bought network capacity from licensed mobile network operators (MNOs). They obtain bulk access to MNO services at wholesale or discounted rates and set retail prices for customers. They also provide various benefits, such as enhanced efficiency, network independence, lower prices, and customized plans for the consumer while traveling. Owing to these benefits, mobile virtual network operator services are widely adopted in retail, media, and entertainment, and telecom industries across the globe.
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What are the major market drivers in the Mobile Virtual Network Operators (MVNO) Market?
The market is primarily driven by the rising penetration of smartphones, effective network services, fast internet connectivity, video conferences, OTT streaming, and online gaming. In addition, the surging need for communication-based services with better network facilities is contributing to the market growth. Moreover, the growing popularity of digital services, such as machine-to-machine (M2M) transactions, mobile money, and cloud-based solutions, represent another major growth-inducing factor.
Besides this, governments of numerous countries are implementing policies to offer better network service access for consumers and encourage digital services, which is providing a thrust to market growth. Furthermore, the rising advancements in LTE infrastructure, such as the introduction of VoWiFi, ViLTE, and VoLTE, and extensive investments in 5G MVNO technology to provide efficient communication services with low latency, are other factors creating a positive market outlook across the globe.
Who are The Major Players in Mobile Virtual Network Operator (MVNO) Market?
Airvoice Wireless
Amdocs
Asahi Net Inc.
Boost Mobile
FreedomPop
Friendi Mobile
Kajeet Inc.
Kddi Corporation
Lebara, Lycamobile
Tracfone Wireless Inc
and Virgin Media Business.
Mobile Virtual Network Operators (MVNO) Market Report Scope
Report Coverage
Details
Market size value in 2022
US$ 73.1 Billion
Market forecast in 2028
US$ 119.6 Billion
Growth Rate
CAGR of 7.36% from 2023 to 2028
Base year for estimation
2022
Historical data
2017-2022
Forecast period
2023-2028
Report coverage
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments covered
Type, Operational Model, Service Type And Subscribers
Regional scope
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Key companies profiled
Airvoice Wireless, Amdocs, Asahi Net Inc., Boost Mobile, FreedomPop, Friendi Mobile, Kajeet Inc., Kddi Corporation, Lebara, Lycamobile, Tracfone Wireless Inc and Virgin Media Business.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
Media and EntertainmentDiscountBusinessCellular M2MMigrantRetailTelecomRoamingBreakup by Operational Model:
Reseller MVNOService Operator MVNOFull MVNOBreakup by Service Type:
PostpaidPrepaidBreakup by Subscribers:
BusinessIndividual/ResidentialBy Geography:
North America (United States, Canada)Europe (Germany, France, United Kingdom, Italy, Spain, Others)Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)Latin America (Brazil, Mexico, Others)Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)Key highlights of the report:
Market Performance (2017-2022)Market Outlook (2023- 2028)Porter’s Five Forces AnalysisMarket Drivers and Success FactorsSWOT AnalysisValue ChainComprehensive Mapping of the Competitive LandscapeIf you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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